The Masked Tulip Posted March 11, 2006 Share Posted March 11, 2006 The Daily Mail's headline story today is that the Blairs have mortgages outstanding of nearly 4 million and that they are 'strapped for cash'. For some reason when the DM runs stories on the Blair's mortgages problems the story never makes it to their online site despite most of the other stories in the paper being there - so I can't provide a link. Quote Link to comment Share on other sites More sharing options...
Smell the Fear Posted March 11, 2006 Share Posted March 11, 2006 LOL. Poetic and financial justice?? Poor Tony doesn't have a clue. It's interesting that Gordon IS actually prudent when it comes to his own financial affairs. No grubby BTL nonsense for him! How much would you bet that Gordon keeps all his wealth in the form of gold? Quote Link to comment Share on other sites More sharing options...
homeless Posted March 11, 2006 Share Posted March 11, 2006 god told him to do it Quote Link to comment Share on other sites More sharing options...
dogbox Posted March 11, 2006 Share Posted March 11, 2006 god told him to do it The odd forthcomming book deal will clear the debt. Wayne Rooney just got £5m! Quote Link to comment Share on other sites More sharing options...
Realistbear Posted March 11, 2006 Share Posted March 11, 2006 It is possible that TB is one of thousands in a very similar situation. Its just that there has not been as much publicity surrounding the other fools, er, "investors." And why is TB in financial trouble, according to Rightmove he can still sell and make a big profit. Did GB unload his BTL porfolio already? Quote Link to comment Share on other sites More sharing options...
Mr Blek Posted March 11, 2006 Share Posted March 11, 2006 All we need now is Blair to apply for Bankruptcy What incentive does a Govt have for fairer housing when the PM has a VI in unfair housing? Quote Link to comment Share on other sites More sharing options...
libitina Posted March 11, 2006 Share Posted March 11, 2006 Nearly £16k a MONTH on mortgages! Did you spot the article slagging Kirsty off? Quote Link to comment Share on other sites More sharing options...
rainbow Posted March 11, 2006 Share Posted March 11, 2006 There is a famous Italian with an offshore fund waiting to help him out, as soon as the coast is clear. Quote Link to comment Share on other sites More sharing options...
vinny Posted March 11, 2006 Share Posted March 11, 2006 There is a famous Italian with an offshore fund waiting to help him out, as soon as the coast is clear. Or perhaps he could leave Cherie and move into a mortgage free lovenest with Tessa? Quote Link to comment Share on other sites More sharing options...
vicster Posted March 11, 2006 Share Posted March 11, 2006 The odd forthcomming book deal will clear the debt. Wayne Rooney just got £5m! Can't wait to see the Blairs doing the same... Cherie Blair:"Mums go to Iceland" Quote Link to comment Share on other sites More sharing options...
bazzzzzzz Posted March 11, 2006 Share Posted March 11, 2006 Blair is predicted to earn in excess of £20m from books and the lecture circuit when he leaves politics. Given his earning potential his debts are peanuts and practically an irrelevance to him personally. But the losses he has made in BTL and the property market generally are getting considerable exposure which surely must do much to undermine sentiment. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted March 11, 2006 Share Posted March 11, 2006 Blair is predicted to earn in excess of £20m from books and the lecture circuit when he leaves politics. Given his earning potential his debts are peanuts and practically an irrelevance to him personally. But the losses he has made in BTL and the property market generally are getting considerable exposure which surely must do much to undermine sentiment. I still cannot understand how the Blairs can possibly lose money when Rightmove say prices have risen sharply and houses are flying off the shelves. All TB has to do is sell his portfolio, take the profits, and stay put in No. 10 for a few more years. Problem solved. Quote Link to comment Share on other sites More sharing options...
Guest muttley Posted March 11, 2006 Share Posted March 11, 2006 The odd forthcomming book deal will clear the debt. Wayne Rooney just got £5m! He's nearly finished colouring the first one already. Quote Link to comment Share on other sites More sharing options...
Catch22 Posted March 11, 2006 Share Posted March 11, 2006 god told him to do it Quote Link to comment Share on other sites More sharing options...
BuyingBear Posted March 11, 2006 Share Posted March 11, 2006 god told him to do it And I told god. Quote Link to comment Share on other sites More sharing options...
North London Rent Girl Posted March 11, 2006 Share Posted March 11, 2006 And I told god. Quote Link to comment Share on other sites More sharing options...
Pete95 Posted March 11, 2006 Share Posted March 11, 2006 Apparently they tried to let the London house out for £4k per week, but have only been able to get £2k per week, leaving them to find an extra £6k per month to pay the mortgage - plus its interest only!!! The tenant is about to move out as well!... They were going to sell their 2 flats in Bristol (bought in 2002) to add to the down payment for that London place, but they didnt because they'd fallen in value by about £25k each (from the price they paid, not the original asking price!!) so theyve kept them! The article suggests they may end up having to sell the London house, which has gone down in value by at least £200k since they bought it in 2004, and the paper reckons they'd lose the best part of £400k total (inc fees and taxes) if they did sell!! Basically one big ****-up for the Bliars!! Quote Link to comment Share on other sites More sharing options...
BillyShears Posted March 11, 2006 Share Posted March 11, 2006 The odd forthcomming book deal will clear the debt. Wayne Rooney just got £5m! Maybe if things get tight Playgirl will pay him a few million for a centrefold. Billy Shears All we need now is Blair to apply for Bankruptcy If he did apply it would make a nice matching pair with his moral bankruptcy. Billy Shears Quote Link to comment Share on other sites More sharing options...
Mr Blek Posted March 11, 2006 Share Posted March 11, 2006 (edited) There's amention of Blairs BTL problems in this article, but nothing indepth http://www.dailymail.co.uk/pages/live/arti...in_page_id=1787 and this one. Doesn't seem he's going to have probs with his pension: http://www.telegraph.co.uk/news/main.jhtml.../05/14/nblai... (requiires registration) £2m pension for Blair as private sector faces crisis By George Trefgarne, Economics Editor (Filed: 14/05/2005) When Tony Blair leaves office, he will be entitled to benefits worth more than £2.6 million, swelled by a special prime minister's pension awarded for life, according to documents obtained under the Freedom of Information Act. Under an obscure Act of Parliament, former prime ministers are entitled to a pension of half their salary as soon as they depart No 10, irrespective of their length of service. Mr Blair does not have to contribute anything to be eligible for the scheme and if he resigned today he would receive an immediate income of £62,400 a year, Downing Street confirmed yesterday. William Burrows, an actuary, calculates that anyone with an income of that size bought in the form of an annuity - the method on which private sector pensioners rely - would have to save up a pension pot of £2 million. "It is such a big figure because Mr Blair is only 52 and can expect to live for many years," said Mr Burrows. The prime ministerial pension would come on top of Mr Blair's superannuation as an MP, which could be payable from when he reaches 60, because of his long service. He has been an MP since 1983, and assuming he has been contributing the maximum 10 per cent of his £59,000 MP's salary, he could retire in eight years with a pension of £38,900, which would cost £570,000 to buy as an annuity. On leaving office he would also be entitled to a redundancy payment of £31,000. And if he stepped down as an MP, too, he would receive up to a year's salary as a resettlement grant. Mr Blair's severance terms are in line with those that could be expected by an executive of a large company. But his taxpayer-funded pension could come to symbolise the generous pensions of the five million who work in the public sector. The Government is promising massive reforms this year and David Blunkett, the new Pensions Secretary, has admitted this may include compulsory saving, as in Australia, where all employees must save nine per cent of their salaries. Yesterday Adair Turner, chairman of the Government-appointed commission that will recommend a long-term solution to the pensions crisis, said the "inequalities" between pensions in the public and private sector were becoming ever more apparent. "Significant numbers of people in public sector schemes and in still open private-sector defined-benefit schemes are enjoying pension promises of unintended and arguably unaffordable generosity," Mr Turner said in a speech. He said that since his commission published its interim report last year, it had conducted further research which showed that increased life expectancy could impose even more costs on the pensions system than previously realised. He also said this meant that generous public sector pension schemes, that guaranteed workers a fixed level, were becoming impossible to justify. The pensions crisis has been caused by a combination of people living longer, adverse market conditions, and a £5 billion a year tax rise by Gordon Brown. He has also just removed tax breaks on private sector pension pots of more than £1.8 million. Mr Blair's personal finances were thrust into the spotlight last September by his decision to buy a large house in central London for £3.6 million. Documents filed at the Land Registry show he and his wife Cherie have a mortgage on the property with Cheltenham & Gloucester of around £3 million, with annual interest payments of about £135,000. He has recently let the property to Michael Caton Jones, a film director. Under the Parliamentary and Other Pensions Act of 1972, three officers of state are entitled to special pensions of half their salary: the Lord Chancellor, the Speaker of the Commons and the Prime Minister. However, other Cabinet ministers, including the Chancellor of the Exchequer, can join only the parliamentary scheme. The arrangements were made 30 years ago as the occupants of the three top posts are supposed to be independent and immune from outside influence. The Lord Chancellor is also barred from returning to legal practice. However, ex-prime ministers frequently find gainful employment. For instance, John Major is a director of the American investment company Carlyle Group. Edited March 11, 2006 by Mr Blek Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted March 12, 2006 Share Posted March 12, 2006 He's nearly finished colouring the first one already. Quote Link to comment Share on other sites More sharing options...
Xurbia Posted March 12, 2006 Share Posted March 12, 2006 All Bliar needs to do is to get Cherie to boo her eyes out on TV again. I'm sure us proles would be delighted to pass the hat around. I won't be buying any book written by Bliar. What's it going to be called? 'How to became a negative equity millionaire.', 'I am a lying two-faced c**t', 'My wife and the con artist.', 'How God and I triumphed in Iraq.' Quote Link to comment Share on other sites More sharing options...
Mr Blek Posted March 12, 2006 Share Posted March 12, 2006 All Bliar needs to do is to get Cherie to boo her eyes out on TV again. I'm sure us proles would be delighted to pass the hat around. I won't be buying any book written by Bliar. What's it going to be called? 'How to became a negative equity millionaire.', 'I am a lying two-faced c**t', 'My wife and the con artist.', 'How God and I triumphed in Iraq.' Nah, his book's going to be "How I was Bush's Monica" or "I did what Monica couldn't - I swallowed" Or he could just go for "Bush's poodle" Quote Link to comment Share on other sites More sharing options...
Xurbia Posted March 12, 2006 Share Posted March 12, 2006 Nah, his book's going to be "How I was Bush's Monica" or "I did what Monica couldn't - I swallowed" Or he could just go for "Bush's poodle" Is it legal to go for Bush's poodle? Then again it has to better than eating Cherie pie? Quote Link to comment Share on other sites More sharing options...
Mr Blek Posted March 12, 2006 Share Posted March 12, 2006 Is it legal to go for Bush's poodle? Then again it has to better than eating Cherie pie? Please don't. The imagery associated with 'eating Cherie pie' - *shudders* Quote Link to comment Share on other sites More sharing options...
Xurbia Posted March 12, 2006 Share Posted March 12, 2006 Please don't. The imagery associated with 'eating Cherie pie' - *shudders* Dear Mr Blek I apologise for any permanent harm I have caused you. I may have to section myself. Thank goodness the images of squirty cream have now subsided. Quote Link to comment Share on other sites More sharing options...
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